Paul Hastings Bullish on Mexico

Paul Hastings is seeing strong business in Mexico, in part from a record volume of bonds.

BY JOACHIM BAMRUD

Thanks to more and larger bonds out of Mexico, along with a solid base of advising on IPOs and other corporate matters there, US-based law firm Paul Hastings is setting new records in the country. And that’s even before Mexico’s energy reform is fully implemented, which is expected to attract hundreds of billions of dollars in additional foreign direct investment to the country.

Paul Hastings has advised on over $12 billion for Mexican companies during the first half of the year.

“That’s a record volume for us for any six month period,” says Michael Fitzgerald, chairman of the Latin America practice. “I see the deals becoming larger and larger [and there are] more billion dollar plus deals than I have ever seen coming out of Mexico. We have also been involved on multiple bank financings in recent months, including Sigma’s $1 billion acquisition financing of Campofrío.”

Mexico is, and likely will remain for the time being, Paul Hastings’ top Latin America market.“Mexico is a major driver for this practice.” he says. “Last year we ...